Home Sales Decline Below Long-Term Averages And Inventory Re...

With mortgage rates having risen so rapidly over the last year, we anticipated sales this month would be among the lowest in recent history.” - Andrew LisVANCOUVER, BC, CANADA, February 2, 2023 /einpresswire.com / -- Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January. the real estate board of greater vancouver (rebgv) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January 2022, and a 21.1 per cent decrease from the 1,295 homes sold in December 2022. By property type, the ratio is 10.2 per cent for detached homes, 13.4 per cent for townhomes, and 16.7 per cent for apartments.

Which Homes Can You Afford?

Get a list

How Much Is Your Home Worth?

Calculate Now

Continue to full article